Renaissance Technologies LLC Grows Holdings in Graham Holdings (NYSE:GHC)

Renaissance Technologies LLC increased its holdings in shares of Graham Holdings (NYSE:GHC - Free Report) by 78.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,504 shares of the company's stock after buying an additional 1,099 shares during the quarter. Renaissance Technologies LLC owned 0.06% of Graham worth $2,183,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GHC. Smartleaf Asset Management LLC grew its position in Graham by 55.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 31 shares of the company's stock worth $27,000 after buying an additional 11 shares in the last quarter. KBC Group NV lifted its holdings in shares of Graham by 36.5% during the fourth quarter. KBC Group NV now owns 142 shares of the company's stock valued at $124,000 after purchasing an additional 38 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in Graham by 44.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company's stock worth $126,000 after purchasing an additional 44 shares during the last quarter. Principal Securities Inc. grew its stake in shares of Graham by 30.0% during the 4th quarter. Principal Securities Inc. now owns 182 shares of the company's stock valued at $159,000 after purchasing an additional 42 shares during the period. Finally, MML Investors Services LLC purchased a new position in Graham in the 3rd quarter worth approximately $203,000. 93.16% of the stock is currently owned by institutional investors.

Graham Price Performance

Shares of GHC traded up $5.00 during mid-day trading on Thursday, hitting $925.05. 12,341 shares of the company were exchanged, compared to its average volume of 17,457. Graham Holdings has a 1-year low of $683.00 and a 1-year high of $1,003.53. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 18.09 and a beta of 0.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57. The company has a 50 day moving average of $934.06 and a 200-day moving average of $911.08.

Graham (NYSE:GHC - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $11.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $11.29 by $0.35. Graham had a net margin of 4.86% and a return on equity of 5.79%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.20 billion.

Graham Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 17th will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, April 17th. Graham's payout ratio is currently 4.37%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Graham from a "strong-buy" rating to a "buy" rating in a report on Wednesday, April 23rd.

Graham Company Profile

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company in the United States and internationally. It provides test preparation services and materials; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global; operations support services for online courses and programs; training and test preparation services for accounting and financial services professionals; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates colleges, business school, higher education institution, and an online learning institution.